Aberdeen Sees Sovereign Assets Shrink $19 Billion in Two Years
Aberdeen Sees Sovereign Assets Shrink $19 Billion in Two Years
Aberdeen Asset Management Plchas seen sovereign wealth-fund assets shrink by about 13 billion pounds ($19 billion) since a peak in 2013 as clients from oil-dependent countries cashed out and markets slumped.
Bloomberg
Bloomberg
S&P 500 Profits Silenced as China, Oil Obsession Commands Stocks
S&P 500 Profits Silenced as China, Oil Obsession Commands Stocks
An earnings season billed as make-or-break for the stock market has been almost completely drowned out by lockstep moves steamrolling everything from equities to oil.
Bloomberg
Bloomberg
Bank Bear Market Blows Up Faithful Who Saw 2016’s Easy Money
Bank Bear Market Blows Up Faithful Who Saw 2016’s Easy Money
Remember how investors piled into financial stocks betting higher interest rates would stoke an earnings renaissance? A month later, that big long is a big short.
Bloomberg
Bloomberg
Franklin’s Hasenstab Stumbles With Mongolia as Bonds Plunge
Franklin Templeton’s Michael Hasenstab, who made an outsize bet on Mongolian bonds, is feeling the chill after tumbling commodity prices and rising political instability spurred a plunge in notes issued by the frigid Asian nation.
Bloomberg
Bloomberg
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Deutsche Bank Loses Ground in Trading as Overhaul Tested
Deutsche Bank AG co-Chief Executive Officer John Cryan is losing market share in businesses he wants to expand, highlighting the risks he faces in scaling back costly debt trading.
Bloomberg
Bloomberg
Shell Needs to Repay Investors Who Backed Biggest Ever Wager
Royal Dutch Shell Plc is under pressure to reward the faith of the more than 80 percent of shareholders who shrugged off the risks from slumping oil prices to back its record acquisition of BG Group Plc.
Bloomberg
Bloomberg